13F Insight
DOSSIER · 13F-HR · Q2 2026

KING STREET CAPITAL MANAGEMENT, L.P.

$190M in tracked AUM across 6 positions as of Q2 2026.

KS
CIK 0001218199 · last filed Jun 30, 2026
Total AUM
$190M
as of Q2 2026
Holdings
6
—
positions
Whale Score
71
71
strong
Activity
—
no data
changes this Q
AI Analysis · Q2 2026

Comprehensive Analysis of King Street Capital Management, L.P. 13F Filing (Q3 2025)

1. Portfolio Overview

King Street Capital Management, L.P. has executed a drastic restructuring of its portfolio during the quarter ending September 30, 2025. The firm reduced its total portfolio value by 48.7%, declining from approximately $1.05 billion to $538.34 million. This reduction was driven not merely by market performance but by a significant shift in asset allocation, characterized by a reduc...

The portfolio is currently highly concentrated, holding only 10 positions. This indicates a "high-conviction" strategy where capital is deployed into a select set of ideas rather than broad diversification. The turnover rate was exceptionally high this quarter, with 6 new positions initiated and 8 positions liquidated, signaling a complete overhaul of the firm's investment outlook.

2. Key Holdings

The portfolio is dominated by three "mega" positions, which together account for approximately 79% of the total assets:

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
SGRY
SURGERY PARTNERS INC
$102M6.1M53.7%02
USHY
ISHARES TR
$37M999K19.5%03
HYG
ISHARES TR
$19M237K10.0%04
TLN
TALEN ENERGY CORP
$18M47K9.5%05
VST
VISTRA CORP
$9M59K4.9%06
OPTU
OPTIMUM COMMUNICATIONS INC
$5M3.1M2.4%

Filing history

2026Q2Jun 30
$190M▼ 42.2%
6 positionsView →2026Q1Mar 31
$328M▼ 54.7%
11 positionsView →2025Q4Dec 31
$724M▲ 34.6%
12 positionsView →2025Q3Sep 30
$538M▼ 48.7%
10 positionsLocked2025Q2Jun 30
$1.0B▲ 72.9%
12 positionsLocked2025Q1Mar 31
$607M▼ 7.9%
12 positionsLocked2024Q4Dec 31
$659M▲ 349.1%
15 positionsLocked2024Q3Sep 30
$147M▼ 23.7%
11 positionsLocked2024Q2Jun 30
$192M▼ 44.2%
10 positionsLocked2024Q1Mar 31
$345M▲ 386.2%
8 positionsLocked2023Q4Dec 31
$71M▼ 55.7%
8 positionsLocked2023Q3Sep 30
$160M▼ 16.2%
10 positionsLocked
Showing 12 of 82